Creating jobs through better use of properties
Building Reuse and Restoration Grants Program
The Building Reuse and Restoration Grants Program assists communities in maximizing the economic potential of existing structures. Grants are available for 1) the restoration and upfitting of vacant buildings and 2) the expansion and renovation of buildings currently occupied by manufacturing type businesses. The grants match other public and private funding and must lead to the creation of private sector jobs by new or expanding businesses.
Applications must be submitted on the new application form (effective October 2012).
Go to application and reporting forms
Here’s a brief summary of the two types of grants:
Funds: Renovation of vacant properties in preparation for new business uses. Eligible activities include renovation and rehabilitation, upfitting and brownfields remediation.
Circumstances: Buildings must have been vacant for at least three months. The project must lead directly to the creation of private sector jobs in the building.
Amount available: $5,000 or $10,000 per job depending on type of use and location. The maximum for any grant is $480,000 or one-half the renovation cost, whichever is less.
Who may apply: Local governments in a rural county or Tier 1 urban county
Match required: Yes
Grants for Occupied Properties
Funds: Building additions and renovations for properties occupied by certain types of businesses.
Circumstances: Eligible buildings include those used for manufacturing, warehousing, distribution, data processing and software development. The business must create new jobs as a result of the renovation.
Amount available: $5,000 per job up to a maximum $500,000 or one-half the renovation cost, whichever is less.
Who may apply: Local governments in a rural county or Tier 1 urban county
Match required: Yes
Contact
Melody Adams, Director, Building Reuse and Restoration Grants Program
N.C. Rural Economic Development Center
4021 Carya Drive
Raleigh, NC 27610
Telephone: 919-250-4314
Fax: 919-250-4325